---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-035669"
form_type: "8-K"
ticker: "CKX"
cik: "0000352955"
company_name: "CKX LANDS, INC."
filed_at: "2026-11-09T11:19:49+00:00"
generated_at: "2026-11-09T11:25:08.146648+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Brad Jacobs' JPE to invest $1B in CKX Lands; Jacobs to become chairman and CEO, $20.8M dividend declared

## Summary
- $900M from Jacobs Private Equity II and $100M from co-investors led by HRTG Partners (formerly Sequoia Heritage); JPE to hold a majority stake.
- Investors get voting convertible perpetual preferred for ~219M shares at $4.57 (pre-split $1.09) plus warrants on ~219M more at $4.57 (50%), $6.85 (25%) and $13.70 (25%).
- Post-close JPE and co-investors would own ~99.78% of common stock on a fully convertible basis, before warrant exercise.
- CKX to pay a $20.8M cash dividend, $10.1312 per share, to holders of record shortly before closing, funded by investment proceeds and cash on hand.
- Requires Louisiana-to-Delaware conversion, holding company reorganization, a 4.1744380:1 reverse split and stockholder approval; holders of ~28% signed voting agreements; closing expected early 2027.

## SEC filing metadata
- accession: 0001437749-26-035669
- form_type: 8-K
- ticker: CKX
- cik: 0000352955
- company_name: CKX LANDS, INC.
- filed_at: 2026-11-09T11:19:49+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352955/000143774926035669/0001437749-26-035669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352955/000143774926035669/ckx20261109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-035669
- JSON: https://secwatch.observer/filing/0001437749-26-035669.json
- Plain text: https://secwatch.observer/filing/0001437749-26-035669.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.